South Korean police announce 185 suspects in alleged 181.3 billion won loan fraud
South Korean police announced that 13 people, including a bank employee and a tax accountant, had been detained on fraud allegations, while another 172 were booked without detention. The suspects allegedly arranged 181.3 billion won in fraudulent loans for 151 borrowers using 370 unsold commercial units and officetels in the capital region between May 2023 and February 2026. Police said inflated property sale prices were used to obtain collateral-backed loans.